Discover Financial Services (DFS) released earnings for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $274 million, or $1.10 per share. This compares with $931 million, or $3.55 per share, in last year's first quarter.
Analysts on average had expected the company to earn $2.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.6% to $4.21 billion from $3.74 billion last year.
Discover Financial Services earnings at a glance (GAAP) :
-Earnings (Q1): $274 Mln. vs. $931 Mln. last year.-EPS (Q1): $1.10 vs. $3.55 last year.-Revenue (Q1): $4.21 Bln vs. $3.74 Bln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.